I have USD5,000 in a bank but it’s just sitting there and not earning interest. What’s the best way for me to invest it? Ideally I would like to double that in six months. Any advice or options? So you want to double your money in six months. Great! That means 100 percent return in half-year, which compounded annually is 400 … Read more
Is it a good idea to convert money into dong or leave it as dollars or other currency? And since banks here only insure up to VND50 million is it risky to have a lot of money in the banks here? How can I best beat the Vietnamese inflation? This is similar to a question I got from a friend … Read more
Teaching kids at home is a growing trend in HCMC as costs of international schools rise and families consider more choices When Molly and Grant Wyatt arrived in Ho Chi Minh City back in 2007, their sons Logan and Grayson were only four and two, so schooling wasn’t yet the first thing on their minds. Here to assist locally-based relatives start … Read more
Dear Afonso, I want to invest my money but how do I know the investment companies in Vietnam are legitimate and not just shell companies that will take my money and then disappear the next day? I’ve even heard that people have created fake branches here using well-known investment firm names.Before answering your question, we … Read more
Dear Hadrien, I lent my wife’s nephew USD5,000 to start a new business. We wrote out an agreement, which we both signed. It’s now been a year past the repayment due date and while I think he has the money to pay me back, he doesn’t seem to want to. Is there any legal recourse … Read more
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